ANNUAL REPORT ARCELOR 2003 - paperJam

17.2.2 Additional pension plansFrance Belgium Germany Luxembourg United States Other TotalIn EUR million 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002 2003 2002Financial assetsOpening balance 27 25 257 14 7 7 - - 76 89 88 51 455 186Changes in consolidation scope - - - 219 - - - - - 11 - 41 - 271Investment return recorded (7) 2 16 9 - - - - 11 (10) 5 2 25 3Additional contributions - - 31 24 - - 1 - 3 8 6 5 41 37Benefits paid out (1) - (10) (9) - - - - (9) (9) (6) (3) (26) (21)Acquisitions / disposals / liquidations - - - - - - - - - - (16) - (16) -Exchange differences - - - - - - - - (13) (13) (6) (8) (19) (21)CLOSING BALANCE 19 27 294 257 7 7 1 - 68 76 71 88 460 455Balance sheet provisionsActuarial value of liabilitiescovered by financial assets 137 120 309 256 7 7 2 - 136 128 75 89 666 600Fair value of financial assets (19) (27) (294) (257) (7) (7) (1) - (68) (76) (71) (88) (460) (455)Sub-total 118 93 15 (1) - - 1 - 68 52 4 1 206 145Net asset situation resultingfrom financial assets coveringcommitments - - - - 1 - - - - - 8 - 9 -Actuarial value of liabilitiesnot covered by financial assets 519 543 21 19 337 307 177 152 6 11 6 5 1,066 1,037Unrealised actuarial (gains) /losses 6 (32) (17) 6 (7) - (21) - (1) (28) (11) 1 (51) (53)Unrealised cost of changesin pension scheme type - - - - (9) - (3) - - (1) - - (12) (1)BALANCE SHEET PROVISION 643 604 19 24 322 307 154 152 73 34 7 7 1,218 1,128Breakdown of charge for the periodCost of past services 41 45 10 11 4 3 7 2 3 3 7 17 72 81Interest charge 45 46 16 14 17 8 10 7 9 9 6 4 103 88Discounted return on assets (2) (1) (15) (12) - - - - (6) (8) (5) (5) (28) (26)Realised actuarial (gains) /losses during the period (3) 3 - - - - - 47 - - - 44 3Amortisation of cost of changesin pension scheme typeor retroactive benefits paid - - 12 - 1 1 2 1 - 5 (7) - 8 7Reductions and liquidations (1) - - - - - - - - - - - (1) -CHARGE FOR THE PERIOD 80 93 23 13 22 12 19 10 53 9 1 16 198 153Movements in balance sheet provisionOpening provision 604 535 24 21 307 22 152 - 34 34 7 - 1,128 612Changes in consolidation scope (3) 7 - 19 - 294 - 151 - 5 - 6 (3) 482Exchange differences - - - - - - - - (11) (5) (1) (1) (12) (6)Net asset situation resultingfrom financial assets coveringcommitments - - - - 1 - - - - - 8 - 9 -Reclassification of provisions - - 3 - 16 - - - - - - - 19 -Disbursements (38) (31) (31) (29) (24) (21) (17) (9) (3) (9) (8) (14) (121) (113)Charge for the period 80 93 23 13 22 12 19 10 53 9 1 16 198 153CLOSING PROVISION 643 604 19 24 322 307 154 152 73 34 7 7 1,218 1,128160ANNUAL REPORT ARCELOR 2003